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Dec 27, 2012
12/12
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citi price rewind. start saving at citi.com/pricerewind. citi price rewind. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>> welcome back, everybody. tomorrow brian and i are going to walk you through some of our big predictions for next year, but right now it is reality check time where i get to toast and roast brian over the predictions he made in the last year. you can defend yourself. let's go to the toast. the u.s. will avoid recession. >> you got that right. >> not only did we avoid it. we grew the economy. not great. we grew it. i was right. you're welcome. >> u.s. stocks will rise 5 to 8%. as far as the dow goes, i'll give you this one. the dow was up 6%. you nailed that one, however -- >> no. >> -- the nasdaq was up 14%. >> so what. >> the s&p was up 14%. >> so what? dad, dad, dad, i'm going to get a b and then yo
citi price rewind. start saving at citi.com/pricerewind. citi price rewind. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>> welcome back, everybody. tomorrow brian and i are going to walk you through some of our big predictions for next year, but...
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Dec 26, 2012
12/12
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citi holdings. about that london whale at jpmorgan, it forced jamie dimon to clear house, a dozen executives changing roles. expect a lot of face time with media and investors for mike cavanaugh, co-ceo of the investment bank and the not so dark horse to succeed dimon. battles will brew over regulation, the consumer financial protection bureau will crack down on overdraft fees, a big chunk of bank revenues. with the help of the fed, two key facets of dodd-frank will reach the finish line. the voelker rule will be completed by midyear as will the regulation of the trillion dollar derivatives industry. if either of these hurts competition abroad, expect banks to sue. >>> all right. the housing recovery rolls on but will 2013 be a bigger boom or a bigger bust? truly a chief economist will join us with his predictions next. >>> plus, china's newest train cuts a 20-hour trip to less than half that time. just how speedy is it? the answer for you later on on "street signs." [ male announcer ] this december
citi holdings. about that london whale at jpmorgan, it forced jamie dimon to clear house, a dozen executives changing roles. expect a lot of face time with media and investors for mike cavanaugh, co-ceo of the investment bank and the not so dark horse to succeed dimon. battles will brew over regulation, the consumer financial protection bureau will crack down on overdraft fees, a big chunk of bank revenues. with the help of the fed, two key facets of dodd-frank will reach the finish line. the...
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Dec 5, 2012
12/12
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today we have a small refinery in texas city. so we really did in the play in this what we believe market dynamic will be a competitive advantage against the central gulf. we have a very large refinery in the central gulf. this made sense and will really balance our refining capacity with approximately one-third in the midwest, one-third in the one gulf and now the other one-third being in gariville, louisiana. >> one beauty of master limited partnerships, the income they kick off. what happens if we go over the fiscal cliff. number two, are you going to issue a giant one-time special dividend or move up your dividend ahead of the new year? >> well, if you go back and look at the mlp, yes, that's been a great catalyst again for our share price this year, both in mplx, as well as mpc. as we see mpc going forward, we expect to be able to balance both mplx, we have a large stable of assets that are eligible earnings that could be dropped in down the road. and then as we look at, to your question on a special dividend or something he
today we have a small refinery in texas city. so we really did in the play in this what we believe market dynamic will be a competitive advantage against the central gulf. we have a very large refinery in the central gulf. this made sense and will really balance our refining capacity with approximately one-third in the midwest, one-third in the one gulf and now the other one-third being in gariville, louisiana. >> one beauty of master limited partnerships, the income they kick off. what...
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Dec 28, 2012
12/12
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in those cities where the price of low fat milk is less expensive than soda, low fat milk consumption is higher than soda. in those cities like new york where soda is less expensive than milk, guess what, soda consumption is up. so also when we look at the whole obesity situation, we've got to drive down the price of milk and hopefully we'll consume less soda and less sugars. >> that would be healthier for all. thank you very much forex planing the situation to us. phil. just ahead on "street signs," why the cliff could actually speed up millionaires' debt. you're not going to believe that. >> you'll hear that. plus, predictions 2013. we will break down our big bets for the new year. we leave you no you with a shot from our white house stake out camera. house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid and mitch mcdonnell who have a collective 100 years legislating between them will be meeting with the president soon. . they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger
in those cities where the price of low fat milk is less expensive than soda, low fat milk consumption is higher than soda. in those cities like new york where soda is less expensive than milk, guess what, soda consumption is up. so also when we look at the whole obesity situation, we've got to drive down the price of milk and hopefully we'll consume less soda and less sugars. >> that would be healthier for all. thank you very much forex planing the situation to us. phil. just ahead on...
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Dec 17, 2012
12/12
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the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we still don't know exactly what is coming there yet. couple things. for the quarter report willing tomorrow, revenues are about half. if they meet expectations, or if they meet a little, they are expecting an eps loss of 35%. second of all, expectations for next quarter are bet are than that and we still don't have blackberry 10 yet. you have to be a little bit bullish to understand there is more product for something already a bit outdated and still do a little better on margins pf given that people will anticipate blackberry 10. >> and i know you have a theory out there. i won't steal your thunder though. i will
the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we...
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Dec 10, 2012
12/12
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>> a in, city judge approved a settlement in the civil case against dominique strauss-kahn. details are confidential. the accuser's lawsuit again the new york post has also been settled. we will bring you more as soon as we have it. thank you. back to you. >> thank you, jackie. >>> up next, is the apple growth story over? >> and sale fail. why does jc penney keep changing its strategy? ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. enjoy free shipping and great values sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifte
>> a in, city judge approved a settlement in the civil case against dominique strauss-kahn. details are confidential. the accuser's lawsuit again the new york post has also been settled. we will bring you more as soon as we have it. thank you. back to you. >> thank you, jackie. >>> up next, is the apple growth story over? >> and sale fail. why does jc penney keep changing its strategy? ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free...
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Dec 31, 2012
12/12
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the city's oldest bakery not staying open for one day more. while the 202-year-old shop is suffering from failing real estate prices. the landlord doubled the rent and says basically he is shutting down because he cannot stay profitable. kind of sad. all those people who have enjoyed his baguette for 43 years. >> maybe he can go to belgium. >> what can we expect for housing in 2013? let us bring in president of team investments. all right, tanya, what are you seeing how the there? give us your forecast. >> i would like to say we are going to see a lot of short sales but if the fiscal cliff is not averted, we will see mortgage rates stay low. they can't afford to raise rates because, here is a great example. in 1987, $170,000 house, the payment is more than $270,000 house with 5% down today. so they can't afford to raise the mortgages if we go over the cliff. the other thing is people won't be able to short sale because that will be taxable income. so it would be better for them to forclose. that really hurts the banks. it hurts everyone. hurts
the city's oldest bakery not staying open for one day more. while the 202-year-old shop is suffering from failing real estate prices. the landlord doubled the rent and says basically he is shutting down because he cannot stay profitable. kind of sad. all those people who have enjoyed his baguette for 43 years. >> maybe he can go to belgium. >> what can we expect for housing in 2013? let us bring in president of team investments. all right, tanya, what are you seeing how the there?...
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Dec 21, 2012
12/12
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this year, warmest new york city is over a hundred years. we have terrible storms. everywhere in the country got bizarre weather. you have any vision of looking out and saying, is it another bizarre year next year? >> most businesses do plan off of last year. unfortunately from a weather perspective, that typically just doesn't occur. we have one of the warmest winters and least snow in 50 years. today is the first day of winter earn it feels like it. we will get colder. i would expect businesses to see a lot more cold and snow than last year. favorable for seasonable items and hopefully people will see snow blowers under the tree this christmas. >> evan, keep warm, sir. >> happy holidays. >> things that make you go hmmm. think your job is hard, you've got nothing on santa. take a look at who gistilogisti would take for us to do his job. it would take 712 million workers to deliver 760 million pounds of gift. >> what can red and white do for you? is that new motto? >> a lot. >> coming up, final round of our fierce competitor series. today's brawl. me versus harwood.
this year, warmest new york city is over a hundred years. we have terrible storms. everywhere in the country got bizarre weather. you have any vision of looking out and saying, is it another bizarre year next year? >> most businesses do plan off of last year. unfortunately from a weather perspective, that typically just doesn't occur. we have one of the warmest winters and least snow in 50 years. today is the first day of winter earn it feels like it. we will get colder. i would expect...
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Dec 20, 2012
12/12
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all-time high after being spun off from circuit city. good piece of trivia. >> we love the trivia. winnebago. >> really big cars. hopium here. higher prices for what winnebago yo is selling. gross margins, also up nearly 11%. >> the stock, look at that, one year. 125%. in the meantime, herman miller. i guess people are buying cars but not office chairs. >> this is a job story stock. these things back here, probably might have been herman miller, who knows. second quarter profit shrank more than expected. demand for office furniture sluggish in america. despite the fact i keep destroying mine. i guess that's not enough to help replacement. ceo did say, we could, seeing progress. slowly getting bet are. >> good word. good news, bad news for the market, latching on to the bad. >> stocks down below 2.5%. fair conclusion. eps above estimates. sales last quarter did fall short. revenue projection also disappointing. consultants are pricey. >> yeah. >> expensive. you lock them in. people say, we will do it ourselves. >> maybe not. >> we will end on good news, right? jabil circuit, 8%. i'l
all-time high after being spun off from circuit city. good piece of trivia. >> we love the trivia. winnebago. >> really big cars. hopium here. higher prices for what winnebago yo is selling. gross margins, also up nearly 11%. >> the stock, look at that, one year. 125%. in the meantime, herman miller. i guess people are buying cars but not office chairs. >> this is a job story stock. these things back here, probably might have been herman miller, who knows. second quarter...
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Dec 19, 2012
12/12
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customer service pen saks, when economic times are good, about 20% of all sales come from new york city and nordstrom doesn't have a full line location here, at least not yet. >> courtney has her opinion and of course so do our guests. ladies first always on "street signs." stacey, who do you like here? >> i'm going with nordstrom. yesterday i was in saks. 40% off sales in full swing and today 60% off. and plenty of items. i'm concerned about their trend. nordstrom, integrated in-store and on-line, that's the line here. you want it play the integrated player and they are ahead of the integrated retailers. >> what about you, burt? >> well, nordstrom has done a great job with e-commerce and land based stores and blake nordstrom and his brother, peter, the whole family since they reunited one of the best retailers in the u.s. and soon to be in canada too. >> you know, nordstrom is more than double the size of saks in terms of number of stores. is it fair to compare the two? who is your pick? >> it is not fair and my pick is still nordstroms. a lot more than double the size and their profit
customer service pen saks, when economic times are good, about 20% of all sales come from new york city and nordstrom doesn't have a full line location here, at least not yet. >> courtney has her opinion and of course so do our guests. ladies first always on "street signs." stacey, who do you like here? >> i'm going with nordstrom. yesterday i was in saks. 40% off sales in full swing and today 60% off. and plenty of items. i'm concerned about their trend. nordstrom,...
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Dec 3, 2012
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makes new york city traffic look down right peachy! >>> collection it out, china's northwest hammered by relentless snow since last week. snow and fog have shut down multiple airports. >>> let's warm things up. right? we need a little sunshine. super value is the stock that we've chosen today because it is up by 10%. it has been troubled but super value's entire business may be for sale or just the albertson's stores. it is not clear if a deal will be reached but nonetheless, investors plowing in with their feet. >>> call it the millionaire downgrade. could a big chunk of america's millionaires simply vanish if we go over the cliff? robert frank, are we talking like john mcafee going missing or we just saying we're not going to be millionaires anymore because we're not going to sell into these tax rates? >> belize is not big enough for all these missing millionaires. it is more like a downgrade. we're talking about the wealthy getting a little less wealthy if we go over the cliff and fewer people becoming wealthy. the u.s. has run 5 mi
makes new york city traffic look down right peachy! >>> collection it out, china's northwest hammered by relentless snow since last week. snow and fog have shut down multiple airports. >>> let's warm things up. right? we need a little sunshine. super value is the stock that we've chosen today because it is up by 10%. it has been troubled but super value's entire business may be for sale or just the albertson's stores. it is not clear if a deal will be reached but nonetheless,...
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Dec 18, 2012
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. >> i still like wells fargo, much more expensive than bank of america or citi. we like anything attached to the housing market. wells is more attached to the housing market. b of a does do originations but nowhere near the size of wells fargo. they got out of a big chunk of the business last year. they were trying to fix their balance sheet. we still like those names really attached to the housing market, especially mortgage banking, wells, usb and pnc. >> feds will keep these levels for two and a half years. are banks going to be throwing cash bonfires, rolling in it. >> that's the problem with big portfolio lenders. we wrote a report, you want a mortgage bank be careful on the portfolio side that name will continue to come under pressure. doesn't mean earnings will kplooelt completely collapse but you're not going to see earnings growth out of those big balance sheets. where you're going to see earnings growth people in the mortgage bank that profitability is really strong. on the balance sheet side, under pressure with rates this low. that's why i think some
. >> i still like wells fargo, much more expensive than bank of america or citi. we like anything attached to the housing market. wells is more attached to the housing market. b of a does do originations but nowhere near the size of wells fargo. they got out of a big chunk of the business last year. they were trying to fix their balance sheet. we still like those names really attached to the housing market, especially mortgage banking, wells, usb and pnc. >> feds will keep these...
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Dec 7, 2012
12/12
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companies are being able to shift jobs from higher cost cities to lower cost centers in the united states where there is a lot of talent. so more and more jobs are being created here. we know the example of general motors, among others. and it's going to help the economy. so this is a very favorable outcome. >> thank you very much for joining us today, harley. thanks for bringing these jobs back here. >>> the other big issue in the job market -- the lack of skilled workers. it is actually becoming a big issue for builders. diana olick is on that story. diana, what happened to all the construction workers that were out of work a couple years ago? where did they go? >> reporter: well, about 2 million of them, believe it or not, left the workforce during the housing crash. this is residential and non-residential construction. because this crash has gone on for going on five years now, a lot of those workers were retrained in other careers and are actually not coming back to home building. that's why the builders are saying they need skilled workers. skilled workers like these students here a
companies are being able to shift jobs from higher cost cities to lower cost centers in the united states where there is a lot of talent. so more and more jobs are being created here. we know the example of general motors, among others. and it's going to help the economy. so this is a very favorable outcome. >> thank you very much for joining us today, harley. thanks for bringing these jobs back here. >>> the other big issue in the job market -- the lack of skilled workers. it is...
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Dec 13, 2012
12/12
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there stores in ten global cities are packed. people want apple product. >> they do. two of my kids want apple product this christmas. they won't get them but they want them. >> mandy. >> my kids are getting eye touches. they are in school not watch "street signs" so i can say that. >> they want games. this year it is mine craft. who knows what it'll be bedazzled or whatever. you are downloading movies. if you are on a plane, this is the best thing that ever happened to a family. >> i agree. but you're the wealth person there. here's the thing. we are told that $200 a month tax increase on middle class if we go over the fiscal cliff will doom us. well die. whole country will go bankrupt. you understand my facetiousness. but we spend well over $200 a m on things that didn't even exist ten years ago. the smart phones pb apps. cars. why are we spending 200 a m on things that didn't even exist back then. >> you don't feel it the the same way. >> you have to australia to get that for your tax says all can i say. thank you, lauren young. >> thank you. >> and she called it a
there stores in ten global cities are packed. people want apple product. >> they do. two of my kids want apple product this christmas. they won't get them but they want them. >> mandy. >> my kids are getting eye touches. they are in school not watch "street signs" so i can say that. >> they want games. this year it is mine craft. who knows what it'll be bedazzled or whatever. you are downloading movies. if you are on a plane, this is the best thing that ever...
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Dec 14, 2012
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. >>> we begin the broadcast with a shooting in newtown, connecticut. 90 minutes of new york city. >> all the new details. >> mandy, the shooting happened this morning just after 9:30. that's when police got a 911 call. connecticut state police officials say that on and off duty officers reported to the school. they immediately began a search and an evacuation of the school. the shooter was found on scene deceased inside the building. as you mentioned, 18 children and 8 adults among those killed. the shooter as well also dead. officials tell nbc news a second person is in custody, wanted for questioning with relation to this shooting. officials have not confirmed those numbers saying that they are still notifying next of kin. the white house was notified this morning of the shooting and said like so many parents everywhere today, their hearts go out and they feel enormous, enormous sympathy to what the parents here and this community are going through. >> absolutely. it's completely tragic. thank you very much for the update. we will continue to monitor the situation as the developmen
. >>> we begin the broadcast with a shooting in newtown, connecticut. 90 minutes of new york city. >> all the new details. >> mandy, the shooting happened this morning just after 9:30. that's when police got a 911 call. connecticut state police officials say that on and off duty officers reported to the school. they immediately began a search and an evacuation of the school. the shooter was found on scene deceased inside the building. as you mentioned, 18 children and 8...
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Dec 6, 2012
12/12
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joining us from mexico city, i guess somewhat ironically, in a way, because 30 years ago if it were mexican factories taking u.s. work, then that moved largely to china. now some of that is coming back here. how come? >> it's coming back specifically because a company like ge has done the math and they figured out two things. first, the world has changed in the last -- certainly in the last 20 years, and even in the last ten years. transportation costs are higher. labor costs are higher overseas. and markets in this country move much more quickly. even for something like appliances. ge wants to be able to make dishwashers, refrigerators, washers and dryers, put them out on the market quickly. difference in transportation time, it takes five weeks just to get finished products to the u.s. from china. from the factory that they're reviving in kentucky, it takes ge 19 minutes to get the products in to the warehouse and ready to distribute and product cycles even in appliances have been cut in half. people want their appliances up to date and they want to be able to put them on the market quick
joining us from mexico city, i guess somewhat ironically, in a way, because 30 years ago if it were mexican factories taking u.s. work, then that moved largely to china. now some of that is coming back here. how come? >> it's coming back specifically because a company like ge has done the math and they figured out two things. first, the world has changed in the last -- certainly in the last 20 years, and even in the last ten years. transportation costs are higher. labor costs are higher...